Unique Performance Files for Bankruptcy

We sort of wish we hadn't called this, but AutoWeek is reporting that Unique Performance filed for Chapter 7 bankruptcy protection on November 12th, less than a week after being raided by the fuzz for title-washing and other crimes. This means the company has no plans to rebuild itself and, worse, owes between $1 and $100 million dollars with no listed assets!


This is horrible news for anyone waiting for a new car or, at least, hoping to get their deposit back. This development leaves some questions remaining, like what's going to happen to the seized cars and what, if any charges will be filed. There are also some new questions this raises, namely who does the company owe money to besides those who put deposits down for new cars? [AutoWeek]

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